450 Country Oak Drive, Redding, CA 96003

Unique Land Opportunity with Development Potential This property, 1.05 acres, has a complex but intriguing history. Originally part of a recorded subdivision, several lots were condemned by the State of California for the development of Interstate 5. After construction, the state sold the lots back to the public. The current owner holds four assessor parcel numbers, though three of the parcels appear to have been combined by the state into a single APN for unknown reasons. Utilities—including water, sewer, phone, and storm drain—are available at the site. A previous owner initiated plans for a subdivision; however, due to the need for a costly expansion of the storm drain system (caused by increased runoff from proposed housing footprints), the project became economically unviable, reducing the land's value. Currently, it is believed that up to three homes could theoretically be built, though practically, two is a more realistic number. Country Oaks Road was constructed just … read more …